Arbitration clauses require agreement wherein the concerned parties agree:
A. on who is right and who is wrong.
B. on the validity of the litigation issues.
C. to abide by the awards resulting from the arbitration.
D. to not hire a legal counsel to represent each of the parties involved.
E. to not name the arbitrators.
Answer: C. to abide by the awards resulting from the arbitration.
Learn More :
International Marketing Chapter 7
- The Export License Application and Information Network is an electronic service that enables exporters to:
- Which of the following indicates the exportability status of the item based on the ECCN?
- The exporter is responsible for selecting the _____ which leads to a description in the Commerce Control List (CCL), which indicates the exportability status of the item.
- The responsibility of determining if a license is required rests with the _____.
- Which of the following are the licenses required for products exported from the United States?
- The revised set of export regulations published by the Department Of Commerce to alleviate many of the problems and confusions of exporting and to expedite the process is called _____.
- U.S. firms, their foreign subsidiaries, or foreign firms that are licensees of U.S. technology cannot sell a product to a country in which the sale is considered by the U.S. government to affect:
- Under the Antiboycott Law, U.S. companies are forbidden to participate in any unauthorized foreign boycott. Which of the following situations brought about the Antiboycott Law in the U.S.?
- Which of the following U.S. government agencies oversees antitrust enforcement in international commerce?
- The first objective of these laws is to protect American consumers by ensuring that they benefit from products and ideas produced by foreign competitors as well as by domestic competitors. _____ are being discussed in this scenario.
- The _____ of the United States makes it illegal for companies to pay bribes to foreign officials, candidates, or political parties.
- The question of jurisdiction of U.S. law over acts committed outside the territorial limits of the country has been settled by the courts through the application of a long-established principle of international law called the:
- Which of the following countries has enacted the most stringent green marketing laws that regulate the management and recycling of packaging waste?
- Which of the following acts developed by the European Union erases legal and trade differences that have existed for decades between the member nations?
- According to Canadian law, what is the standard expected by courts in Canada to determine whether a representation is false or misleading?
- ____ buy and register descriptive nouns, geographic names, names of ethnic groups and pharmaceutical substances, and other similar descriptors and hold them until they can be sold at an inflated price.
- Which of the following is true with regard to the Internet?
- Which of the following is an effective approach to prevent Chinese consumers from creatively copying foreign intellectual property?
- Which of the following is the most comprehensive multilateral agreement on intellectual property to date and covers a full range of rights that are embodied in current international agreements?
- The _____ is a multicountry agreement that has established a regional patent system that allows any nationality to file a single international application for a European patent.
- Which of the following conventions is responsible for the promotion of the protection of intellectual property rights among all the member countries of the UN?
- Which of the following international conventions was established to recognize intellectual property rights?
- In a common-law country, ownership of intellectual property rights is established by "prior use versus registration" which implies that to claim the ownership of a trademark, an individual:
- In which of the following countries is the ownership of IP rights established by prior use?
- Which of the following commonly counterfeited products has the potential for doing the greatest harm to the consuming public?